Chinese domestic manganese ore prices have indicated a mostly stable trend during the past week. The mainstream quotations of Australian lump ore with 46 percent Mn content currently stand at $6.22/dmtu (RMB 40.5/dmtu) at China’s Tianjin port, while offers of lump ore of 48 percent Mn content are at $5.84/dmtu (RMB 38/dmtu). Also at Tianjin port, quotations for 44 percent grade Mn ore from Gabon are at $5.68/dmtu (RMB 37/dmtu), while offers of South African lump ore of 38 percent Mn content are at $5.45/dmtu (RMB 35.5/dmtu). ($1 = RMB 6.510)
Overall trading activity in the manganese ore market in China has been at a low level since downstream manganese alloy production has recently been impacted by output restrictions. Overseas suppliers’ manganese ore quotations have softened slightly, but most traders have been reluctant to increase their stock levels. Manganese alloy market prices have indicated minor increases lately, but demand for manganese ore has still remained weak. As for the week ahead, it is believed that manganese ore prices may continue their mostly stable trend.